Rush Enterprises, Inc. (NASDAQ:RUSHA) COO Sells $276,639.00 in Stock

Key Points

• Rush Enterprises COO Jason Wilder sold 4,980 shares of stock for $276,639, marking a 5.88% decrease in his holdings.
• The company has announced a quarterly dividend increase to $0.19, reflecting a yield of 1.3% on an annualized basis.
• Rush Enterprises recently exceeded analysts' earnings expectations, reporting $0.90 earnings per share for the last quarter, surpassing estimates of $0.80.

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) COO Jason Wilder sold 4,980 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total transaction of $276,639.00. Following the completion of the transaction, the chief operating officer directly owned 79,692 shares of the company's stock, valued at approximately $4,426,890.60. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jason Wilder also recently made the following trade(s):

• On Monday, May 19th, Jason Wilder sold 748 shares of Rush Enterprises stock. The shares were sold at an average price of $56.08, for a total transaction of $41,947.84.
• On Friday, May 16th, Jason Wilder sold 483 shares of Rush Enterprises stock. The shares were sold at an average price of $56.39, for a total transaction of $27,236.37.

Rush Enterprises Stock Performance

Shares of RUSHA traded up $1.56 during mid-day trading on Wednesday, hitting $58.95. 521,200 shares of the company's stock were exchanged, compared to its average volume of 401,868. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a fifty-two week low of $46.30 and a fifty-two week high of $65.43. The business's 50 day moving average is $52.89 and its two-hundred day moving average is $53.57. The firm has a market capitalization of $4.59 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.62 and a beta of 0.85.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.10. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. On average, equities analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.76 annualized dividend and a yield of 1.3%. This is an increase from Rush Enterprises's previous quarterly dividend of $0.18. Rush Enterprises's dividend payout ratio is presently 21.65%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RUSHA shares. Stephens reiterated an "overweight" rating on shares of Rush Enterprises in a research note on Monday, August 4th. Wall Street Zen downgraded Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, July 13th.

Hedge Funds Weigh In On Rush Enterprises

Several institutional investors have recently bought and sold shares of RUSHA. LPL Financial LLC increased its stake in Rush Enterprises by 9.7% in the 4th quarter. LPL Financial LLC now owns 18,370 shares of the company's stock valued at $1,006,000 after buying an additional 1,626 shares during the period. Trexquant Investment LP purchased a new stake in shares of Rush Enterprises during the 4th quarter worth $219,000. Wells Fargo & Company MN boosted its position in shares of Rush Enterprises by 25.3% during the 4th quarter. Wells Fargo & Company MN now owns 37,112 shares of the company's stock worth $2,033,000 after purchasing an additional 7,483 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Rush Enterprises by 9.1% during the 4th quarter. Bank of Montreal Can now owns 10,688 shares of the company's stock worth $586,000 after purchasing an additional 895 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Rush Enterprises by 0.6% during the 4th quarter. Legal & General Group Plc now owns 178,020 shares of the company's stock worth $9,754,000 after purchasing an additional 1,123 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.

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